Asset Manager

Job Description

Job Description

BACKGROUND:

2Life Communities has been at the heart of positive change in the affordable senior housing ecosystem since 1965. We develop, manage, and advocate for high-quality, affordable housing and services that support aging in community, helping older adults and their families enjoy stability, dignity, and peace of mind. Our mission is to ensure that every older adult has the opportunity to live a full life of connection and purpose in a dynamic, supportive environment. 

GENERAL SUMMARY:

The Asset Manager is responsible for overseeing the operational, financial, and regulatory performance of a portfolio of affordable housing properties. Working closely with property management, finance, facilities, and compliance teams, this role ensures properties operate efficiently, remain in compliance with all funding and regulatory requirements, and align with organizational goals. The Asset Manager analyzes financial performance, supports budgeting and cost management, leads annual property reviews, and provides clear, data driven insights to leadership and the board, while also advancing sustainability, risk mitigation, and continuous improvement across the portfolio.

ESSENTIAL JOB FUNCTIONS:

Collaboration and Continuous Improvement:

• Work cross-functionally with Finance, Facilities, and Compliance to align site operations with organizational goals.
• Support training and capacity-building for site staff in budgeting, reporting, and performance monitoring.
• Participate in organizational initiatives aimed at improving operational system.

Operational and Financial Performance:

• Partner with property management, finance, and accounting to set and monitor annual operating budgets.
• Review property financials monthly, analyzing variances and identifying trends or areas requiring intervention.
• Lead annual property performance reviews, documenting key takeaways and recommendations.
• Provide narrative and data-driven insights.

Compliance and Contract Oversight:

• Monitor HUD, MassHousing, and other subsidy contract terms, as well as rent increase opportunities.
• Ensure timely renewals, submissions, and responses to requests from funders or regulatory agencies.
  

Cost Management and Risk Mitigation:

• Identify and lead real estate tax abatement or exemption efforts to reduce expenses.
• Monitor and support utility rate management to ensure properties receive the most cost-effective energy pricing available.
• Evaluate capital reserve and risk exposures.
• Coordinate property insurance claims.

Sustainability and Energy Management:

• Use benchmarking systems to track and analyze energy and water consumption, identifying opportunities for reduction and savings.
• Address short-term utility or mechanical issues and develop long-term sustainability strategies.
• Identify and pursue sustainability grants or incentive programs.
• Ensure compliance with local environmental and sustainability reporting requirements (e.g., BERDO, City of Newton).
• Stay informed of emerging energy regulations and collaborate with Facilities on implementation strategies.

OTHER DUTIES AND RESPONSIBILITIES:

• Prepare monthly board report/dashboard.
• Create and maintain deal books for all properties.

PREPARATION, KNOWLEDGE, SKILLS & ABILITIES:

• 3+ years of experience in affordable housing asset management, property management, real estate finance, or a related field.
• Working knowledge of LIHTC and affordable housing finance, including compliance and reporting requirements.
• Strong financial and analytical skills, including budget-to-actual analysis, cash flow review, and property-level KPIs.
• Demonstrated experience managing asset-level data, dashboards, or reporting systems with accuracy and consistency.
• Ability to maintain and interpret portfolio documentation, including financing structures, regulatory agreements, and compliance requirements.
• Proficiency in Excel and comfort working across financial and property management systems.

Beyond the Paycheck: Why You’ll Love Working Here:

We don’t just offer a job; we invest in your entire life. Our "Total Rewards" package adds an extra 27% to 30%+ in value on top of your base salary.

• Comprehensive Health: Premium Medical, Dental, and Vision coverage for you and your family.
• Future-Proofing: 401(k) retirement planning and employer-paid Life, AD&D, and Disability insurance (Short & Long Term).
• Rest & Recharge: Generous paid vacation, official holidays, plus 2 floating holidays to use whenever you need a break.
• Family-Friendly: Inclusion for your "+1" and dependents, plus  Pet Insurance for your furry family members.